Toshiba to commercialize samarium-cobalt magnets for electric motors

Green Autoblog.com reports that Toshiba (ETR:TSE1) has announced that it is hoping to commercialize samarium-cobalt magnets for use in electric cars.

The editorial is quoted as saying:

To avoid reliance on dysprosium, Toshiba aims to commercialize its samarium-cobalt (SmCo) magnets and hopes that within a year’s time, samarium, a rare-earth metal in ample supply in the U.S. and Australia, will replace the dysprosium found in the electric motors that motivate plug-in cars.

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